Cereplast Compostables(R) Blown Film Resins Receive European Certifications for Industrial Compostability From the Two Most Pro
May 28 2013 - 08:00AM
Cereplast, Inc. (OTCQB:CERP) (the "Company"), a leading
manufacturer of proprietary biobased, compostable and sustainable
bioplastics, today announced that the Cereplast Compostable blown
film series has received both DIN CERTCO and Vinçotte
certifications for meeting EN 13432, the European standard for
industrial compostability. Compostable 3002, 3010, 3015 and 3020
are Cereplast Compostables® blown film grades, which are used for
the manufacture of single-use grocery bags and trash bags. These
grades also meet the ASTM D 6400 standard in the United States, and
are certified up to a maximum 1.0 mil (25.4 micron) thickness.
DIN CERTCO is the certification organization of TÜV Rheinland
Group and DIN, the German Institute for Standardization. It is
highly regarded for its independence, neutrality and competence. It
is one of the two organizations in Europe recognized for certifying
biodegradability. DIN CERTCO certified Compostable 3002, 3010 and
3020, and Compostable 3015 is expected to receive certification in
the near future.
Vinçotte International is a renowned inspection facility
headquartered in Vilvoorde, Belgium. Vinçotte grants OK Compost
certification to a product after verifying that it meets EN 13432,
a standard for compostability recognized in Europe, Asia and North
America. Cereplast Compostable 3002 also received the OK Compost
certification this week, and the additional grades are expected to
receive certification soon. Vinçotte is the second organization
recognized for certifying biodegradability in Europe.
Cereplast Chairman and CEO Mr. Frederic Scheer commented, "Third
party certification provides our customers with proof that our
compostable materials meet the required standards for industrial
compostability, and in Europe, DIN CERTCO and Vinçotte are the two
certifying bodies for EN 13432. These certifications are an
important component for doing business in Europe and further
facilitate the sale of our material across the continent. Obtaining
the DIN CERTCO and the Vinçotte/OK Compost certification according
to EN 13432 was the last milestone our Company needed to reach
prior to the enforcement of the Italian sanctions."
Mr. Scheer continued, "The Company anticipates that the full
effect of the Decree will start by summer/fall 2013 and expects to
see a surge in demand for its bioplastic resins as a result in the
weeks to come. As previously disclosed we estimate that after the
initial transition period, the total addressable market for
compostable blown film grades in Italy will exceed $500 million.
Based on current market pricing of $4,500/ton, and capacity of
3,000 tons/month at our Seymour facility, we are capable of
producing in excess of $10 million per month. We remain confident
that our Cereplast Compostables blown film resins have a
competitive advantage."
About Cereplast, Inc.
Cereplast, Inc. (OTCQB:CERP) designs and manufactures
proprietary biobased, sustainable bioplastics which are used as
substitutes for traditional plastics in all major converting
processes - such as injection molding, thermoforming, blow molding
and extrusions - at a pricing structure that is competitive with
traditional plastics. On the cutting-edge of biobased plastic
material development, Cereplast now offers resins to meet a variety
of customer demands. Cereplast Compostables® resins are ideally
suited for single-use applications where high biobased content and
compostability are advantageous, especially in the food service
industry. Cereplast Sustainables® resins combine high biobased
content with the durability and endurance of traditional plastic,
making them ideal for applications in industries such as
automotive, consumer electronics and packaging. Learn more at
www.cereplast.com. You may also visit the Cereplast social
networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast
and Youtube.com/Cereplastinc.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors detailed in reports filed by the Company.
CONTACT: Cereplast, Inc.
Public Relations
Nicole Robertson
812.220.5400 X1013
nrobertson@cereplast.com
Investor Relations:
Alliance Advisors, LLC
Alan Sheinwald
914-669-0222
asheinwald@allianceadvisors.net
Valter Pinto
914-669-0222 x201
valter@allianceadvisors.net
www.AllianceAdvisors.net